Sadly, thousands of families in San Diego and Chula Vista are still struggling to recover from the economic downturn. There have been more than 20,000 bankruptcy filings in San Diego alone in a recent 12-month period, and millions more Americans are expected to file in the next year.
One of the biggest myths about bankruptcy is that only irresponsible people file. This is far from the truth. The increasing number of bankruptcy filings has mostly to do with the financial crisis still going on in our society. Media reports indicate that medical debt is the number one cause of personal bankruptcy. Of course, declining incomes, high unemployment, and increased divorce also force many people into bankruptcy. These are hardly circumstances that make someone a bad person. The truth is, when it comes to financial problems, nobody is immune.
While you can’t change the circumstances that got you into financial distress, you do have options to get out of it. As scary as it seems to most people, filing for bankruptcy may be the best option to get back on your feet. The trap I see people fall into time and time again is that their fears about bankruptcy hold them back from doing anything about their financial situation. Or, I see people try measures like debt settlement first, only to wind up in a worse financial situation down the road. I’d much rather you speak to a Chula Vista bankruptcy attorney about your options earlier rather than later so you can make the best decision about how to go forward.
If there are alternatives to bankruptcy that would work for you, I would be happy to discuss those with you. If bankruptcy is your best option, it won’t ruin your life. Depending on which bankruptcy option you choose, your debts could be erased in just a few months. Contact my office at Denton Law Group at (619) 458-3739 for a free consultation.